Example ContractsClausesacquisition and advisory feesVariants
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Advisory Role. Pennypacker agrees that he is not now nor hereafter entitled to employment or reemployment with , its subsidiaries or related companies; however, he agrees to serve in an advisory role to the Company and to provide counsel and advice whenever the Company seeks such services from him. Such services shall be provided at reasonable times and only through , and only when the Chairman or the Chief Executive Officer of the Company seek such services. Pennypacker acknowledges that the severance pay he is receiving during the Severance Period, is provided in part to compensate him for such advisory role services if sought by the Company.

Advisory Role.

Future Cooperation. As with advisory role services, during the Severance Period, Pennypacker agrees that he is not now nor hereafter entitled to employment or reemploymentcooperate with , its subsidiaries or related companies; however, he agrees to serve in an advisory role to the Company and to provide counsel and advice wheneverto the Company seeks such services from him. Such services shall be provided at reasonable times and only through , and only when the Chairmantruthful information, testimony or the Chief Executive Officer of the Company seek such services.affidavits requested in connection with any matter that arose during his employment. Pennypacker acknowledges that the severance pay he is receiving during the Severance Period, is partially provided in partreturn for this specific obligation. This cooperation may be performed at reasonable times and places and in a manner as to compensate himnot interfere with any other employment he may have at the time of request. The Company agrees to reimburse Pennypacker for expenses incurred in providing such advisory role services if soughtcooperation, so long as such expenses are approved in advance by the Company.

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